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Provident Financial Services
PFS

154 hedge funds and large institutions have $1.06B invested in Provident Financial Services in 2017 Q2 according to their latest regulatory filings, with 12 funds opening new positions, 55 increasing their positions, 53 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% more repeat investments, than reductions

Existing positions increased: 55 | Existing positions reduced: 53

4% less capital invested

Capital invested by funds: $1.1B → $1.06B (-$44.6M)

1.68% less ownership

Funds ownership: 64.07% → 62.39% (-1.7%)

3% less funds holding

Funds holding: 159 → 154 (-5)

25% less first-time investments, than exits

New positions opened: 12 | Existing positions closed: 16

Holders
154
Holders Change
-5
Holders Change %
-3.14%
% of All Funds
3.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
12
Increased
55
Reduced
53
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
AAM
Aberdeen Asset Management
United Kingdom
+$4.67M
2
Northern Trust
Northern Trust
Illinois
+$3.3M
3
MCA
Mendon Capital Advisors
Florida
+$3.1M
4
Wellington Management Group
Wellington Management Group
Massachusetts
+$2.35M
5
Deutsche Bank
Deutsche Bank
Germany
+$2.08M

Top Sellers

1
Principal Financial Group
Principal Financial Group
Iowa
-$17.3M
2
BCM
Bridgeway Capital Management
Texas
-$2.81M
3
Russell Investments Group
Russell Investments Group
United Kingdom
-$2.7M
4
JP Morgan Chase
JP Morgan Chase
New York
-$2.59M
5
KTA
Keeley-Teton Advisors
Illinois
-$2.06M
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$192M +$607K +24,423 +0.3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$142M +$1.11M +44,502 +0.8%
Dimensional Fund Advisors
3
Dimensional Fund Advisors
Texas
$142M +$362K +14,562 +0.3%
Northern Trust
4
Northern Trust
Illinois
$62M +$3.3M +132,884 +6%
Goldman Sachs
5
Goldman Sachs
New York
$45.5M -$1.5M -60,428 -3%
State Street
6
State Street
Massachusetts
$38.9M +$1.51M +60,670 +4%
KTA
7
Keeley-Teton Advisors
Illinois
$27.6M -$2.06M -82,972 -7%
Renaissance Technologies
8
Renaissance Technologies
New York
$27.4M +$407K +16,400 +2%
Wellington Management Group
9
Wellington Management Group
Massachusetts
$25.9M +$2.35M +94,598 +10%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$23.4M -$200K -8,040 -0.9%
TA
11
Teachers Advisors
New York
$23.3M -$257K -10,339 -1%
Norges Bank
12
Norges Bank
Norway
$23.2M +$341K +13,717 +2%
Manulife (Manufacturers Life Insurance)
13
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$22.9M +$357K +14,382 +2%
DGHMC
14
Dalton, Greiner, Hartman, Maher & Co
New York
$20M -$183K -7,360 -0.9%
Invesco
15
Invesco
Georgia
$14.6M -$473K -19,032 -3%
Geode Capital Management
16
Geode Capital Management
Massachusetts
$12.8M +$295K +11,885 +2%
Principal Financial Group
17
Principal Financial Group
Iowa
$12M -$17.3M -694,499 -59%
SFM
18
Systematic Financial Management
New Jersey
$12M +$428K +17,223 +4%
Ameriprise
19
Ameriprise
Minnesota
$11.8M -$119K -4,810 -1%
Prudential Financial
20
Prudential Financial
New Jersey
$11.1M +$1.34M +54,110 +14%
Charles Schwab
21
Charles Schwab
California
$8.42M +$745K +29,986 +10%
TCIM
22
TIAA CREF Investment Management
New York
$6.27M -$437K -17,580 -7%
Thrivent Financial for Lutherans
23
Thrivent Financial for Lutherans
Minnesota
$5.89M +$101K +4,070 +2%
BGIM
24
Brandywine Global Investment Management
Pennsylvania
$5.54M -$144K -5,816 -3%
California Public Employees Retirement System
25
California Public Employees Retirement System
California
$4.82M -$176K -7,100 -4%
1
2 3 4 5

PFS Hedge Fund Activity: Q2 2017 in Review

154 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Provident Financial Services (PFS) for Q2 2017, worth a combined $1.06B — down 4.1% from $1.1B a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PFS and 12 opened new positions — a net loss of 4 holders — while 53 trimmed existing stakes and 55 added.

The largest buyer was Aberdeen Asset Management, opening a new position worth an estimated $4.67M. The largest seller was Principal Financial Group, cutting an estimated $17.3M.

  • 154 institutional investors held Provident Financial Services (PFS) as of Q2 2017, down from 159 in Q1 2017.
  • Funds reported $1.06B of Provident Financial Services stock for Q2 2017, down 4.1% quarter-over-quarter.
  • 12 funds opened new Provident Financial Services positions in Q2 2017 and 16 closed out, a net change of -4 holders.
  • The largest Provident Financial Services buyer in Q2 2017 was Aberdeen Asset Management, an estimated $4.67M added.
  • The largest Provident Financial Services seller in Q2 2017 was Principal Financial Group, an estimated $17.3M sold.

Based on aggregated 13F filings for Q2 2017.